ISLAND SHELLFISH LIMITED

💤Zombieactive
SC417389 · ltd · incorporated 2012-02-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£55.3k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £55,300

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£55k
↑ 10% YoY
Current Assets
£550
↓ 67% YoY
Current Liabilities
—
£0£11k£22k£33k£44k£55kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£55.3k£50.2k
Current assets£550£1.7k
Net assets£55.3k£50.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
5
filings
  • • 2 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
5
filings
  • • 2 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-13
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  2. 2026-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-03-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-02-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-09-14
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2022-09-13
    📄
    administrative-restoration-company
    restoration · RT01
  11. 2022-07-26
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  12. 2022-05-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2021-10-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-11-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-10-22
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2019-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-10-21
    📄
    administrative-restoration-company
    restoration · RT01
  18. 2012-02-24
    ➕
    CORDOCK, John Banks appointed
    director
  19. 2012-02-20
    🏢
    Company incorporated
    As ISLAND SHELLFISH LIMITED
  20. 2012-02-20
    ➕
    EVANS, Rhys appointed
    director
  21. 2012-02-20
    ➖
    EVANS, Rhys resigned
    director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Cordock
Individual · Scottish · DOB 09/1966 · age 60
25–50%
—25-50% shares06/02/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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Company details

Statusactive
Typeltd
Incorporated2012-02-20
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

Scows
St. Margarets Hope
Orkney
KW17 2TQ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (1 active · 1 resigned)

CORDOCK, John Banks→
director · ~60y · appointed 2012-02-24
View their other companies + combined net worth →
Active
EVANS, Rhys→
director · ~48y · appointed 2012-02-20 · resigned 2012-02-20
Resigned

Click a director name to see their full track record across all companies.

Recent filings (50 total)

replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-03-13
change-person-director-company-with-change-date
officers · CH01
2026-03-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
resolution
resolution · RESOLUTIONS
2022-09-14
administrative-restoration-company
restoration · RT01
2022-09-13